Summary: The primary function of this position is to assist the Real Estate team and senior staff in preparing for and presenting strategies based on quantitative analysis that aid in determining the economic feasibility and desirability of potential future store locations, expansions, as well as possible store closings. The position will also manage the corporation’s joint venture and owned portfolio (conduct analysis of capital re-investment, project stabilization, identification and qualification of new joint venture opportunities).  Successfully complete development projects (conduct operating agreement negotiation, undertake financial analysis, attain Store Development Committee approval, conduct transaction management, manage entitlement process approval, analyze and negotiate like-kind exchanges, and complete documentation).  

      
Essential Duties and Responsibilities include the following.  Other duties may be assigned.  

•    Rely on experience to generate numerous sales analyses in support of the Company's substantial remodel investment program each year. 
•    Assist major investment projects such as Divisional real estate strategic plan development; merger & acquisition analysis; major market location-strategy development; and store-closing analyses.
•    Forecast sales for new store and replacement store sites using computerized mapping & demographic data-retrieval systems and gravity model forecasting programs. Estimate and analyze anticipated sales impacts against named competition 
•    Forecast sales for store remodel candidates using computerized mapping & demographic systems and analog forecasting approaches.
•    Develop preliminary "Feasible & Probable" sales forecasts for new sites and replacement stores to provide initial guidance into the desirability of potential storing opportunities.
•    Analyze pertinent market factors to estimate sales impacts against our stores and/or against competitor stores ranging from potential competitive activity to support development of the annual store-level sales budgets.
•    Gather, monitor and assimilate key competitive information in relation to potential supermarket openings, relocations, expansions, remodels, closures, acquisitions and divestitures.
•    Seek to continually improve the Research group's analytical and presentation resources by investigating deeper use of products like Alteryx, Google Earth Pro, and other GIS mapping systems
•    Ability to meet hard/tight/changing deadlines at times, while juggling a variety of unrelated assignments. Identifying and maintaining priorities and time targets is a daily challenge for the Analyst.
•    Ability to react quickly to changing scenarios. Sales scenarios involve estimation of sales dynamics downstream from our own contemplated activity (an opening, for example). A key competitor may react to our capital activity with an investment activity of their own. This action-reaction nature of the business requires complex, multi-variable analyses with far-reaching financial impacts relative to the expenditure of capital.
•    Use judgment with regard to the day to day conduct of assignment completion. The incumbent is responsible for the trade area definition, the manipulation of modeling techniques and assumptions, and ultimately, the sales forecast or other analytical output.
•    Because the Company's footprint spans multiple states, the Analyst is assigned project work in any number of states. The incumbent needs to learn new geographic areas quickly and in depth, while being able to travel extensively.
•    The incumbent is a key contributor to the Company's ability to prudently make multi-million dollar store-investment decisions. He or she will have assembled a substantial base of knowledge on matters relating to competition, market demographics, and real estate investment activities through years of experience in this field.
•    Manage all aspects of our joint venture shopping center program. This includes owned properties which may be joint ventures in the future and company owned deals.   
•    Successfully complete joint venture development projects.  This entails: Acquiring real estate committee approval for acquisitions and dispositions; analysis and preparation of joint venture development pro formas; negotiating the terms of joint venture operating agreements; overseeing and interpreting all analytical and operational aspects of joint venture transactions, including acquisition and disposition timelines, the entitlement process, and all due diligence; monitoring and reviewing joint venture development budgets, project reporting, pre-development draw expenses, major capital events, construction draw packages; and ensuring the transactions are consistent with the company’s investment guidelines and market expectations.
•    Update senior management concerning decisions to pursue opportunities and offering strategies for structuring joint venture transactions.  Keep senior management regularly informed regarding the status of any and all existing joint venture developments and all potential acquisitions and dispositions through monthly and quarterly meetings, capital re-investment schedules and through the use of portfolio tracking systems. These systems will include Business Intelligence software such as Alteryx and TAS Online.    

•    Conduct the coordination of many aspects of Real Estate Department, including working closely with the Real Estate Executive Assistant, for store development committee meetings, site trips, market tours, site evaluations, pro forma requests, and special projects.  

•    This position will be responsible for store analog analysis necessary to complete all pro forma requests. The position will also process and manage the Real Estate Report. The Real Estate Report is a comprehensive report that provides insight on a biweekly basis on the progress of each Real Estate project.      
•    Develop and maintain executive level relationships with development companies and maintain a network of broker owner contacts.  Periodically attend trade and/or educational seminars to keep abreast of current and evolving industry trends.
•    Meet or exceed the Company’s expectations regarding timely performance of expected job functions.  This may include normal business hours, extended evening and/or weekend hours, and occasional overnight or weekend travel as demand requires.
•    Other duties as may be assigned or required.
Competency:
To perform the job successfully, an individual should demonstrate the following competencies:
•    Analytical - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures.
•    Design - Uses feedback to modify designs; Demonstrates attention to detail.
•    Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations.
•    Project Management - Completes projects on time and budget.
•    Technical Skills - Strives to continuously build knowledge and skills.
•    Customer Service - Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
•    Interpersonal - Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.
•    Oral Communication - Listens and gets clarification; Responds well to questions.
•    Team Work - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests.
•    Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Presents numerical data effectively; Able to read and interpret written information.
•    Change Management - Prepares and supports those affected by change; Monitors transition and evaluates results.
•    Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Inspires respect and trust; Accepts feedback from others; Provides vision and inspiration to peers and subordinates; Gives appropriate recognition to others; Displays passion and optimism; Mobilizes others to fulfill the vision.
•    Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.
•    Visionary Leadership - Displays passion and optimism.
•    Business Acumen - Demonstrates knowledge of market and competition.
•    Cost Consciousness - Works within approved budget.
•    Diversity - Shows respect and sensitivity for cultural differences; Promotes a harassment-free environment.
•    Ethics - Inspires the trust of others.
•    Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values; Supports affirmative action and respects diversity.
•    Strategic Thinking - Analyzes market and competition.
•    Adaptability - Adapts to changes in the work environment; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
•    Attendance/Punctuality - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Arrives at meetings and appointments on time.
•    Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals; Completes tasks on time or notifies appropriate person with an alternate plan.
•    Initiative - Volunteers readily; Seeks increased responsibilities; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
•    Innovation - Meets challenges with resourcefulness; Generates suggestions for improving work.
•    Judgment - Includes appropriate people in decision-making process.
•    Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence.
•    Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently.
•    Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position; Accepts responsibility for own actions; Follows through on commitments.
•    Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
•    Quantity - Meets productivity standards; Completes work in timely manner; Strives to increase productivity; Works quickly.
•    Safety and Security - Observes safety and security procedures; Reports potentially unsafe conditions .